Industry

The firm has sought to broaden the range of clients it targets with its wealth-advisory services.

The wirehouse is also tweaking pay related to cash solutions for clients.

The Boston-based boutique oversees the assets of roughly 140 full- service clients and 800 individual households.

The custodian is upping the number of scholarships set aside for women and people of color.

As part of a two-step deal involving Australian investment bank Macquarie Group, LPL will pick up 900 advisors and $63 billion in assets.

Orion, Riskalyze and AdvisorPeak hope to offer a replacement to TradeWarrior, which will close on Dec. 31.

More clients are also looking for financial advice within the custodian’s retail channel, which offers a robo advisor and full-service wealth management arm.

In two recent moves, the firm promoted one of its own to regional director and lured another back from AllianceBernstein.

Advisors will face a drastically changed industry landscape and Schwab, already an industry leader, will play an even more outsized role in the marketplace.

This year’s report on advisor compensation shows how RIAs and IBDs are attracting, retaining and rewarding talent.